Q: A big country with a good's demand described by P= 150 - 3Q and a good's supply described by P= 40 +…
A: Demand: P=150-3QSupply: P=40+2QTariff: $8Price decreases $66 to $64
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Q: A big country with a good's demand described by P = 150 - 3Q and a good's supply described by P = 40…
A: Demand: P=150-3Q Supply: P=40+2Q Tariff: $8 Price decreases $66 to $64
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A: For explaining the above question, we use the following diagram.
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A: we have Supply (S)=Q=3500+6.2P and Demand (D) = Q=10500-3.8P Here the equilibrium price is at the…
Q: A big country with a good's demand described by P = 150 - 3Q and a good's supply described by P = 40…
A: Given that, Demand of a big country : P=150-3Q Supply of a big country: P=40+2Q Tariff imposed by…
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A: Equilibrium is achieved at the output level where quantity supplied equals quantity demanded.
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- Plz answer the all you definitely get upvote 1. When should a company ideally enter a foreign market? a) when the foreign market is saturated b) when the costs of labor and resources are higher than the domestic costs c) when the demand for the product declines in the domestic market d) when competition in the domestic market is the least 2. Which of the following hampers the growth of global economy? a) spread of capitalism around the world. b) encouraging protectionism c) terms and conditions of NAFTA 3. Companies that re willing or able to invest millions of dollars in operations abroad should ideally operate through _____? a) franchising agreements b) multinational corporations c) licensing agreements d) shell corporationsa. Suppose that the Scarceland economy is currently in recession, so that there is high level of unemployment. the Privs currently have enough government goods, and the Guvs have enough private goods, but each group has less of its own favored goods than it wants. what point is the economy at?--------- is it possible make both groups better off? How? b. A politician seeks support from both Privs and Guvs by promising to implement policies that will lead the economy to produce the amount of private goods favored by the Privis and government goods favored by the Guvs. what point is the Politician promising? Why? What's wrong with this promise? Could it fulfilled now? Could it fulfilled in time? How?Is it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?
- What is the main factor preventing a large community from influencing policy in the same way as a special interest group?Why might a tax on domestic consumption of resources critical for national security be a more efficient approach than barriers to imports?(a) What is the “infant industry” argument? (b) What must be possible for firms in the infant industry to do for protection to result in a net increase in national welfare over time?
- B. using the diagram, determine the magnitude of the local market failure and the global market failure C. suppose that the anvilianian government has given production subsidies to the firms in anviliania. as a result, the firms have increased production ( and the number of firms have increased). consequently, the aggregate MAC is now MAC (anvil) = 800 -2.3e -- determine the magnitude of the intervention failure3. In the Ricardian model of trade, which of the following statements is false?A. The consumption possibilities frontier is the same as the production possibilities frontierin autarkyB. Two countries will trade so long as they each have comparative advantageC. The introduction of trade leaves the production possibilities frontier unchangedD. Trade may not lead to complete specializationa) What are the criticisms advanced on Jacob Viner's analysis? b) According to this model, if the import price of a manufactured product increases because of a Common External Tariff (CET) of the Customs Union, what are the price and volume effects on domestic consumers? and foreign producers?
- Consider two countries, home and foreign and a single good, Y. Assume that home country imports good Y from foreign country. The import demand curve for good Y in home country is given by: MD = 170 – 2PY and the export supply curve for good Y in Foreign country is given by: EX = PY – 40. A) Consider the use of import tariff vs. import quota in Home country that will result in the same amount of good Y imports and the domestic price of good Y. If quota rents are given to Foreign country, which policy, i.e., import tariff vs. import quota, is preferable by Home country on the basis of its effect on social welfare? Explain your reasoning.D. Enumerate the effects of the global pandemic on international trade and economic performance of the business in the country. (Give atleast 5 effects.Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. Assume that Ghana has a Production Possibility Frontier given by: 500=5F+2C where F represents units of Food produced by Ghana, and C represents units of Clothing produced by Ghana. What is the opportunity cost of producing Food for Ghana? a) The opportunity cost of producing 1 unit of Food for Ghana is 2.5 (or 5/2) units of Clothing b) The opportunity cost of producing 1 unit of Food for Ghana is 0.4 (or 2/5) units of Clothing c) The opportunity cost of producing 1 unit of Food for Ghana is 1.5 (or 3/2) units of Clothing d) The opportunity cost of producing 1 unit of Food for Ghana is 0.66 (or 2/3) units of Clothing
